A Triple Net Lease (NNN) is a rental agreement where the tenant is responsible for paying not only the base rent but also three additional expenses: property taxes, insurance, and maintenance costs. This type of lease is commonly used in commercial real estate, allowing landlords to have a predictable income stream while transferring most of the property-related expenses to the tenant. In a Triple Net Lease, the tenant typically takes on more responsibilities, which can lead to lower base rent compared to other lease types. This arrangement is beneficial for investors, as it minimizes their financial risk and management duties associated with the property, making it an attractive option for both parties involved.